There is doubt circulating as to whether the Gulf Shores housing recovery will continue. Mortgage applications are down and refinancing is down dramatically since interest rates started rising throughout the summer. A lot of banks are laying off workers in the mortgage refinancing departments in anticipation of slower refinance applications into the future. In a […]
Taking Over a Seller’s FHA Mortgage Loan
If you're a Gulf Shores homeowner with a mortgage loan insured by FHA (Federal Housing Administration) or VA (Department of Veterans Affairs), you should consider using your mortgage loan term as a marketing tool when it comes time to sell your Gulf Shores home. A mortgage loan from both government agencies includes a little-known feature […]
Easy Tax Mistakes Made By Gulf Shores Home Owners
Even though we're still six months or so away from that dreaded tax filing season, we wanted to bring to your attention some easy tax mistakes Gulf Shores home owners often make and end up paying more than necessary to Uncle Sam. Making any one of these tax mistakes as they relate to your Gulf […]
Fed Stimulus Decision Positive News for Gulf Shores Mortgage Rates
In a move that surprised the financial markets, the Federal Reserve has said it is not yet ready to wind down its massive monetary stimulus, and that is believed to be positive news for Gulf Shores mortgage rates. The surprise announcement from the Fed means it might not begin to wind down its bond buying […]
Gulf Shores Home Insurance: Are Your Contents Covered?
Do you have adequate Gulf Shores home insurance? Are your home's contents insured? Are you absolutely certain? If you're under-insured, from a legal point of view, you may as well not be insured at all. Your insurer may simply scale back your claim by the amount you're under-insured, but they would be within their rights […]
Getting a Gulf Shores Mortgage With Bad Credit
During the days of the housing boom, "sub-prime mortgages" — aka 'home loans for people with bad credit' — were very popular. After the housing bust and the financial crisis of 2008, most banks stopped issuing sub-prime mortgage loans, and it became much more difficult for people with bad credit to qualify for a loan […]
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